Press Releases
 
Healthcare Automation Market to Grow at a CAGR of 8.8% through 2025

, 3 January 2018 -- Healthcare Automation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Transparency Market Research (TMR) states that Siemens AG, General Electric Company, Swisslog Holding AG, and Koninklijke Philips N.V. are some of the leading companies in the global healthcare automation market. These players have consistently worked toward expansion of product portfolio and reinforcing business through innovation product development. In the coming years, to beat the competition, players are expected to plan for mergers and acquisitions to expand their horizons to newer geographies.

The research report states that the global healthcare automation market was valued at US$28.31 bn in 2016. However, over the forecast period of 2017 and 2025, the global market is likely to pace ahead at a CAGR of 8.8% to reach a valuation of US$58.98 bn by the end of 2025. Research institutes and labs have been identified as the key end users of healthcare automation.

Obtain Report Details @ https://www.transparencymarketresearch.com/healthcare-automation-market.html

The need for fast-paced operations and precision is expected to propel this end-user segment at a CAGR of 8.2% in the global market over the forecast period. From a geographic point of view, North America is expected to dominate the global healthcare automation market despite a slight dip in its overall share. Analysts expect that this regional market will account for a share of 39.5% by 2025, which will be higher than the rest of the regional markets across the globe.

Wearable Technology to be an Emerging Trend in Global Healthcare Automation Market

Automation has brought in a range of benefits across all industrial platforms. The healthcare industry has been steadily adoption automation in several areas such as research institutes and labs, pharmacies, and home care among others. The uptake of healthcare automation processes and systems is expected to remain persistent in the coming years as these solutions designed with smarter technologies tend to make operations significantly efficient. The superior quality of these systems has also garnered unprecedented support from governments across the globe, thereby bolstering market growth. A clear example of remarkable advantages rendered by application of healthcare automation are the lack of errors in maintaining inventory and medicine management in pharmacies. Owing to this very reasons, the pharmacies are also expected to offer the healthcare automation market lucrative growth opportunities in the near future.

The high-tech solutions offered by healthcare automation also expands to material handling, transport, and disease management. The growing demand for wearable technology has been noted as an emerging trend in the global market. Smartwatches, an important aspect of wearable technology, has empowered both patients and physicians to closely monitor changes in health, intervene at an appropriate time, and ensure a better lifestyle. In light of these reasons, the global healthcare automation market has a bright future in the world economics.

Additional Maintenance Costs Discourage End Users

On the flip side and despite the advantages, the cost of automation has turned out to be a major disappointment to the global healthcare automation market. The requirement of regular maintenance has also dissuaded several end users as it adds to the operational costs. Thus, the hesitation amongst end users is likely to hold back the market from achieving its potential in the near future.

Download Report Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=23888

This review is based on Transparency Market Research’s report, titled “Healthcare Automation Market (Application - Therapeutic Automation, Lab and Pharmacy Automation, Logistics and Training Automation, and Diagnostics and Monitoring Automation; End Use - Pharmacies, Research institutes and labs, and Home Care) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025.”

# # #


Submitted by Sandy Researcher, Transparency Market Research on Wednesday, 3 January 2018 at 6:15 PM
Category: Health Care & Medical
 
Related News

Pompe Disease Market 2016 - 2024: End Users, Region, Growth Rate and Sales
Thursday, 18 Oct 2018

B-Type Natriuretic Peptide Testing Market - Size, Share, Growth, Trends, and Forecast 2013 - 2019
Thursday, 18 Oct 2018

Bacterial Disease Diagnostic Market Competitive Analysis 2023
Thursday, 18 Oct 2018

Artificial Ventilation and Anesthesia Masks Market Latest Report with Forecast 2016 - 2024
Thursday, 18 Oct 2018

Dry Eye Syndrome Market 2024 Industry Trends, Growth, Analysis, Opportunities and Overview
Thursday, 18 Oct 2018

Related Events

The Lymphoma and Myeloma Congress, New York 2018
Wednesday, 17 Oct 2018

11th World Stroke Congress
Wednesday, 17 Oct 2018

Mayo Clinic Updates in Internal Medicine 2018
Thursday, 18 Oct 2018

34th World Congress of Internal Medicine (WCIM 2018)
Thursday, 18 Oct 2018

Food Allergy and Anaphylaxis Meeting (FAAM 2018)
Thursday, 18 Oct 2018

Latest News

Pompe Disease Market 2016 - 2024: End Users, Region, Growth Rate and Sales
Thursday, 18 Oct 2018

B-Type Natriuretic Peptide Testing Market - Size, Share, Growth, Trends, and Forecast 2013 - 2019
Thursday, 18 Oct 2018

Dry Eye Syndrome Market 2024 Industry Trends, Growth, Analysis, Opportunities and Overview
Thursday, 18 Oct 2018

Process Chromatography Market Dynamics, Forecast, Analysis and Supply Demand 2015 - 2023
Thursday, 18 Oct 2018

Upper Respiratory Tract Disorder Diagnostics and Therapeutics Market key Players, Industry Overview
Thursday, 18 Oct 2018

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2018
Today is Friday, 19 October 2018

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • The Lymphoma and Myeloma Congress, New York 2018
  • 11th World Stroke Congress
  • Argus Bitumen Trading Asia 2018
  • Argus Pavement Technology Asia 2018
  • Argus Bitumen Trading Asia 2018

  • Latest Jobs
    Sorry, there are currently no entries posted here.